Industrial

Dermody Properties Buys 108,698 SF Distribution Building in Oregon

by Amy Works March 29, 2019

WILSONVILLE, ORE. — Dermody Properties has acquired Kinsman Logistics Center, a distribution facility located at 27150 S.W. Kinsman Road in Wilsonville. Situated on 8 acres, the 108,698-square-foot property features a 30-foot interior clear heights, EFSR sprinklers, 18 dock-high loading doors, two grade-level doors, generous truck courts and ample parking for automobiles and trailers. At the time of sale, the property was fully leased to Aosom LLC, an online retailer of home décor and other consumers products, which will continue to occupy the facility. Andy Kangas of CBRE brought the opportunity to Dermody Properties. The name of the seller and acquisition price were not disclosed.

March 29, 2019

Indiana Industrial Leasing Activity Midwest

Denso Signs 311,483 SF Industrial Lease in Jeffersonville, Indiana

by Kristin Harlow March 29, 2019

JEFFERSONVILLE, IND. — Denso Products and Services Americas Inc. has signed a 311,483-square-foot industrial lease at River Ridge Commerce Center in Jeffersonville. The Opus Group developed the 426,450-square-foot building, which features a clear height of 32 feet and 44 dock positions. Denso is an automotive parts manufacturer. Kevin Groves of CBRE represented Opus in the lease transaction.

March 29, 2019

Development Georgia Industrial Leasing Activity Southeast Top Stories

Red Rock Completes 1 MSF Distribution Center in Metro Atlanta, Signs Apparel Giant PVH as Tenant

by Kristin Harlow March 29, 2019

PALMETTO, GA. — PVH Corp., a global apparel company, has signed a 1 million-square-foot lease for a new distribution facility in Palmetto, about 27 miles southwest of downtown Atlanta. The newly delivered facility is located within Shugart Farms, which Red Rock Developments built in partnership with Wharton Industrial and Starwood Capital Group. Brad Pope of JLL negotiated the 20-year lease transaction. Built on a speculative basis, the developers are underway on $77.6 million in tenant improvements for PVH. Formerly known as Phillips-Van Heusen, PVH manages a portfolio of clothing brands, including Calvin Klein, Tommy Hilfiger, Van Heusen, Izod, Arrow, Speedo, Warner’s, Olga, Geoffrey Beene and True&Co. By the end of the year, the new distribution center will create approximately 575 jobs once fully operational. PVH’s new facility is located along I-85, near to the CSX Fairburn Intermodal terminal and Hartsfield-Jackson Atlanta International Airport. The site is also about 250 miles from the Port of Savannah, a key factor in the selection of the facility, according to the developer. “When we began development on this spec building, we knew we had the key ingredients to meet the needs of a modern bulk tenant,” says John Barker Jr., president and chief development …

March 29, 2019

Development Industrial South Carolina Southeast

EJF Capital, North Signal to Develop 510-Acre Industrial Park Near Port of Savannah

by Alex Tostado March 28, 2019

HARDEEVILLE, S.C. — EJF Capital LLC and North Signal Capital LLC have acquired a 510-acre site in Hardeeville to develop RiverPort Commerce Park. The property will house more than 4 million square feet of industrial space and is situated within a census-designated opportunity zone about 10 miles from the Port of Savannah. EJF will invest the majority of the equity required for the land purchase and initial building construction from the EJF OpZone Fund I LP. Construction on the first building, which is slated to be 139,000 square feet, will begin in a few months.

March 28, 2019

Acquisitions Industrial Oregon Western

Compass Commercial Negotiates $2.3M Sale of Industrial Building in Central Oregon

by Amy Works March 28, 2019

REDMOND, ORE. — Compass Commercial Real Estate Services has negotiated the $2.3 million sale of an industrial building located in Redmond, approximately 20 miles northeast of Bend, Ore. Located at 2050 SW Deerhound Ave., the property features 13,602 square feet of industrial space. Bruce Churchill of Compass Commercial represented the undisclosed buyer and undisclosed seller in the deal.

March 28, 2019

Florida Industrial Leasing Activity Southeast

Logistics Company Renews 364,608 SF Industrial Lease in Miami

by Alex Tostado March 27, 2019

MIAMI — Ceva Logistics, a global logistics supply chain company, has renewed its long-term, 364,608-square-foot lease to fully occupy 5601 NW 72nd Ave. in Miami. The industrial property is situated about seven miles west of Miami International Airport. Thomas Kresse, Ben Eisenberg Walter Byrd and Carlos Gaviria of Transwestern Commercial Services represented the landlord, Clarion Partners, in the lease transaction. Devin White of CBRE represented the tenant.

March 27, 2019

Development Industrial Office Texas

South Korean Tech Firm to Build $45M Headquarters in Kyle, Texas

by Taylor Williams March 27, 2019

KYLE, TEXAS — South Korea-based ENF Technology Co., Ltd., a leading provider of electronic materials to Samsung and the U.S. high-tech market, will build a $45 million headquarters and advanced manufacturing facility in Kyle, about 20 miles south of downtown Austin. The 100,000-square-foot facility, construction of which is expected to be complete in 2020, will be situated on 25 acres within the Plum Creek master-planned community. The company expects to hire 45 to 50 new workers in the short term and could expand to 80 employees in the future. ENF’s facility will also serve large tech firms like Micron, Texas Instruments and Intel. Jerry Heare, SIOR at Austin-based Commercial Industrial Properties, represented ENF in the site selection.

March 27, 2019

Acquisitions Industrial Texas

Wilks Heritage Sells Three Industrial Buildings Totaling 72,476 SF in Fort Worth

by Taylor Williams March 27, 2019

FORT WORTH, TEXAS — Wilks Heritage Group LLC has sold three industrial buildings totaling 72,476 square feet within IH-20 West Business Park in Fort Worth. The buyer was a partnership between Fort Worth-based Corinth Land Co. and Prattco Creekway Industrial (PCI). Investors Royalty Inc., a subsidiary of Corinth, provided equity for the transaction and Simmons Bank originated acquisition financing. The partnership now owns more than 500,000 square feet of industrial space in North Texas.

March 27, 2019

Acquisitions Industrial New Jersey Northeast

Colony Industrial Acquires 271,176 SF Industrial Facility in Northern New Jersey

by David Cohen March 27, 2019

MAHWAH, N.J. — Colony Industrial has acquired a 271,176-square-foot industrial facility in Mahwah for an undisclosed price. Located at 100 Performance Drive, the warehouse was constructed in 2018 and is fully leased to power tools manufacturer Snow Joe. The acquisition brings Colony Industrial’s holdings in Northern New Jersey to 910,857 square feet. Brian Fiumara, Michael Hines and Brad Ruppel of CBRE represented Colony Industrial in the transaction. The seller was undisclosed.

March 27, 2019

Development Industrial Midwest Missouri Office

L. Keeley Construction, HDA Architects Complete Corporate Headquarters for ADB Cos. in Missouri

by Kristin Harlow March 27, 2019

PACIFIC, MO. — L. Keeley Construction and HDA Architects have completed a new corporate headquarters for ADB Cos. in Pacific, about 35 miles west of St. Louis. The project consists of a 36,852-square-foot office building and a 24,137-square-foot maintenance building. Features include exposed ceilings, concrete floors, wood-accent walls, a two-story lobby entrance and a lounge space. ADB Cos. provides solutions for the communications, utility and technology industries. ADB Cos. and L. Keeley Construction are part of St. Louis-based Keeley Cos.

March 27, 2019

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